Oil and gas provisions in the climate bill are a worthwhile trade-off

On July 27, Senators Joe Manchin and Chuck Schumer stunned Washington by announcing that they had agreed on a climate package. The bill, known as the Inflation Reduction Act of 2022, allocates $369 billion for climate action. The United States would take a significant step toward attaining the em...

US SENATE LEADER CHUCK SCHUMER PROPOSES $52 BN FOR PRODUCTION & R&D OF CHIP IN US

Highlights

• Unveiling the proposal, Schumer said “American manufacturing has suffered rather dramatically from a chip shortage.”

• Along with boosting chip production, this proposal also includes $49.5 billion in emergency supplemental appropriations to ...

US SENATE CONSIDERS NEW BILL WORTH $30 BN TO BOOST CHIPMAKING SECTOR: REPORTS

Highlights

• It is also being said that lawmakers are aiming to bring the package, which would include other elements to boost America's tech sector, to a full vote in April

• The US Senate Majority leader has previously said that he has asked lawmakers to come u...

US TO DRAFT A LEGISLATIVE PACKAGE TO OUTCOMPETE CHINA, CREATE NEW JOBS & INVEST IN INDIA

Highlights

• On Tuesday, the Senate Majority Leader discussed his push to direct Senate committees to draft a legislation to protect American jobs and outcompete China

• According to Schumer, his intention is to put the legislation on the Senate for a vote this sprin...

PELOSI, SCHUMER IN FAVOR OF $908 BN CORONAVIRUS STIMULUS PLAN AS BASIS OF NEGOTIATIONS

Highlights

• The impact of these two leaders backing this coronavirus stimulus plan as basis of negotiation was immediately visible on the global stocks as they surged on the last trading day of the week

• McConnell had shot down the bipartisan plan immediately after...

U.S. PRESIDENT-ELECT JOE BIDEN TO MEET NANCY PELOSI AND CHUCK SCHUMER TODAY

Highlights

• According to the reports, Biden is all set to host the top Democrats in the House, while the Senate at his current transition headquarters in Wilmington, Delaware

• Though the agenda of these meetings remains unknown, it is being said the new governing t...